Agency Open to Letting Foreigners Have Stakes Larger Than 25%

The Federal Communications Commission is considering softening the decades-old 25% foreign-ownership limit on TV and radio stations, a move that could open up new sources of investment capital at a time of frenzied consolidation in the television station sector.

At its Nov. 14 meeting, the FCC will vote on a measure to encourage foreign ownership of struggling broadcast stations, according to an agenda released Thursday.